Ambitious residential and commercial project proposed for Astoria waterfront
The New York Daily News wrote an article about a new development proposal that would bring significant change to Astoria’s waterfront.
An isolated swath of Astoria that has largely been ignored by developers and businesses could soon undergo a major facelift under a proposal to erect seven waterfront residential towers and a supermarket.
The Lincoln Equities Group wants to create a project dubbed Hallets Point, with roughly 2,300 units of housing and a waterfront park along the East River near the Astoria Houses.
The public review process is expected to begin next year, city officials said.
“If done properly, it could provide new affordable residences to meet the growing demand of the neighborhood,” said state Sen. Michael Gianaris (D-Astoria). It could also provide “services that that part of the neighborhood desperately needs.”
Read the full article here.